The Vision of the Falls Village Housing Trust Inc. is to ensure affordable housing opportunities exist for all community members by expanding options for seniors, disabled individuals, young adults and working families who want to live in the town of Falls Village, Canaan, CT.
The Trust is committed to maintaining the rural character and aesthetic charm of Falls Village.
The Mission of the Falls Village Housing Trust Inc. is to provide individuals and families (who meet the income qualifications) with ownership, rental or rent-to-own housing. The Housing Trust will utilize public and private financing programs to achieve these housing goals.
The first proposed Falls Village Housing Turst, Inc. (FVHT) is a 16 unit affordable rental housing development that will be all new construction with high energy efficiency and a focus on sustainability. The FVHT is a local 501c3 nonprofit charitable organization with the mission of providing affordable housing in the Town of Canaan (Falls Village). In order to ensure the required experience and expertise, FHVT has selected Paul B. Bailey Architect and Housing Enterprises, Inc. as the project architect and housing consultant, respectively.
This project has received Department Of Housing (DOH) Predevelopment Loan funding. The project is being designed to comply with CHFA/DOH requirements and complies with the requirement of the Falls Village Incentive Housing Zone (IHZ) Zoning Regulations.
Because of the rural location in Falls Village, the project is being designed with on-site water and septic. We anticipate full town approvals in September 2020, and the project can be ready for a full funding application in the fall of 2020.
A range of unit sizes and Area Median Income (AMI) limits will provide the widest housing opportunities within this project. Some units will be fully handicap accessible.
Affordable housing is in great need in Falls Village, which at present only has 1.28% affordable housing units as per the 2019 Affordable Housing Appeals List. Lack of affordable housing has been directly associated with a reduction of younger people in a community. Falls Village has one of the highest median ages in Litchfield County. According to the Partnership for Strong Communities www.pschousing.org, the 65+ year of age group is expected to increase by 67% over the next 10 years if we don’t implement a correction.
The Falls Village Housing Trust Inc. is a 501.c.3.. Your donation is tax deductible.
Your support empowers our volunteers, and your contributions will enable the FVHT to build affordable homes in Falls Village.